There was an article in the Money section of the April 8th issue of USA TODAY, where former Federal Reserve Chairman Alan Greenspan finally admitted that the US Federal Reserve is no longer in control.
The Federal Reserve Chairman actually has more power than the President of the United States. That is because the Federal Reserve Chairman has the power to write checks in the billions and trillions of dollars. The US government’s spending is increasing faster than its income. US government debt is increasing faster than the gross domestic product (GDP). What this means for you is a devalued dollar and a lousy standard of living.
If you have read my book, Conspiracy of the Rich: The 8 New Rules of Money, or follow my online dialog, you already know what happened to the German economy beginning in 1914. For 9 years, the German population was relatively clueless as to what was happening to their currency. By that time, it was too late. Now is the time for the US population to…
"The U.S. national debt now exceeds the size of the ecenomy. Congress, the Senate, and the President are trying to borrow and spend their way out of dept. There is no possible way to pay off this level of debt without a devaluation of the U.S. dollar"
Michael Maloney
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